No need to show work- a simple "1-a" will suffice. But PLEASE answer all of these I really appreciate it :)
Barron Industries has the following information: 2 Sales Revenue Ending inventory Cost of Goods Sold Beginning inventory $630,000 66,000 460,000 56,000 Skipped What is Barron's number of days to sell? (Round intermediate calculations to 2 decimal places. Assume 365 days a year.) Multiple Choice 38.2 days O 35.3 days O 52.4 days O 48.4 days If the company's accountant mistakenly recorded an $70 deposit as $109, the error would be shown on the bank reconciliation as a(n): ) Multiple Choice Skipped $39 addition to the book balance. $109 addition to the book balance. $109 deduction from the book balance. $39 deduction from the book balance. Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: 5 Current Assets Property and Equipment, net Current Liabilities Noncurrent Liabilities Stockholder's Equity Sales Revenue Net Income $43,000 63,000 46,500 36,500 19,000 53,000 21,200 Skipped What was the net profit margin? Multiple Choice O 49.00% 89.62% O O 40.00% O 20.00% A company's financial records at the end of the year included the following amounts: 9 Skipped Cash Accounts Receivable Supplies Accounts Payable Notes Payable Retained Earnings, beginning of year Common Stock Service Revenue Wages Expense Advertising Expense Rent Expense $70,300 28,300 4,300 10,300 5, 150 17,300 43,000 51,050 8,300 5,300 10,300 What is the amount of total stockholders' equity that would be reported on the Balance Sheet at the end of the year? Multiple Choice O $60,300. O $87,450. $27,150. $102,900. 11 A piece of equipment was acquired on January 1, 2018, at a cost of $48,000, with an estimated residual value of $2,000 and an estimated useful life of eight years. The company uses the double-declining-balance method. What is its book value at December 31, 2019? Skipped Multiple Choice $27,000 $11,500 $36,500 $12,000 A truck costing $12,700, which has Accumulated Depreciation of $9,070, was sold for $2,070 cash. The entry to record this event would include a: 19 Multiple Choice Skipped credit to the Vehicles account for $3,630. gain of $1,560. loss of $1,560. credit to Accumulated Depreciation for $9,070. Litt, Inc. had income before income tax of $165,600 last quarter and a 30% tax rate. What is the company's net income? 21 Multiple Choice Skipped $(49,680) $49,680 $215,280 $115,920 Knoll Manufacturing lends its supplier $169,000 for 3 years at a 7% annual interest rate. Interest payments are to be made twice a year. Each interest payment will be for: 22 Multiple Choice Skipped $11,830. $5,915. $35,490. $17,745. 23 Willetta Company purchases inventory for $23,000 with terms 2/10, n/30. It then returns $3,300 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $230. The company pays the amount due within the discount period. What is the amount of the discount that will be taken? (Round your answer to the nearest dollar amount.) Skipped Multiple Choice $394 $389 $330 $455
